AFFIDAVIT OF OWNERSHIP-Options

Why is Affidavit Important?

An Affidavit is a legal document which proves that you own something and served many purposes. It’s a legal record that explains how you acquire assets, establish your validity, and prove your true ownership over the assets. If you want credit from Bank or money lenders, they demand affidavit when the Certificates present by you is not enough. Without it, no one will give credit. Moreover, vehicles own you also mentioned in an affidavit.

The affidavit is a must for claiming insurance of a vehicle. The affidavit mentioned that you owning the vehicle and describes additional details like making a year, purchase price, year and date, maker name, and buyer name.Take a copy of all documents. Always check with your state laws, whether you need an affidavit or not. Depending on the jurisdiction the validity of the affidavit may change.If a person has died, Affidavit of Ownership plays a crucial role in the asset separation. It allows decedents to share the dead man property without probate and tell who is the successor for that asset.

Moreover, most businesses are now managed in a partnership agreement. So, it’s necessary to write an affidavit about percentage on ownership and what will happen when one of the partners may die in the future.The Affidavit can be in real estate, vehicles, heir ship, residence, name change, financial, death, etc. In Essence, you took an oath that what is written in the statement is valid before an authorised official. It assures the status of the owner.

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Sample Template Preview

AFFIDAVIT OF OWNER RE: LIEN RIGHTS

STATE OF
ss.
COUNTY OF

The undersigned, being first duly sworn, deposes and says that they are the owner of the following described property in ______________________ County, ________________State, described as follows:

More commonly known as:

Tax I.D. No:

(COMPLETE THIS AFFIDAVIT BY CHECKING THE APPROPRIATE BOX BELOW)

Deponent further says that:
__________ A.   There have been no repairs, alterations, remodeling or new construction on the
above described premises in the last ninety (90) days.

__________ B.   Deponent has contracted for repairs, alterations, remodeling or new construction
on the above described premises which have been completed within the last ninety
(90) days,  Deponent paid for all of said improvements directly to the contractors
and there are no unpaid bills or claims for labor or services or material in con-
nection therewith except as follows: ______________________________________
_____________________________________________________________________
_____________________________________________________________________

__________ C.   Deponent has contracted with a general contractor for repairs, alterations, remod-
eling or new construction on the above described premises which have been com-
pleted within the last ninety (90) days.  The sworn statement of said contractor for
improvements, and appropriate supporting waivers of lien, are submitted herewith.
Deponent has not been served with any notice that a lien will be claimed on the
above described premises for labor performed or material furnished except as
follows: ______________________________________________________________
_____________________________________________________________________
_____________________________________________________________________

__________  D.   Deponent has not other liens on said property other than those described here:
______________________________________________________________________
______________________________________________________________________

DATED:________________________________   SIGNED BY:
____________________________

____________________________

Subscribed and sworn to before me this  __________ day of ____________, 20__.

Commission Expires: ______________      __________________________________
Notary Public